is there anyway to trade a car that you dont have paid off yet?

im looking to get rid of my 05 acura tl 6 speed

 

Offcourse you can trade in a car that is not paid off. If you buy another car from a dealership, they will pay off your existing loan and add any negative equity to your new loan.

Would be smart to find out exactly how much you owe and put some money down on your next car.

People do this all the time but I would shop around and try to get the best deal.

Later!

 

the bank has your title (since you owe money on it) they would work out a deal with the seller of the car you want, take it and then you get the car and owe the bank the money for the new car... because without a title in your hands, no one is going to trade there car directly to you.

i would try to get a small loan, to pay off your car, then its yours to trade, sell or wahtever u want